Goldman Investments Acquires Oak Park Condo Building For $12.4M
SOLD
$12,400,000
Illinois
See Similar DealsSold 01/21/2020
SOLD
Goldman Investments Acquires Oak Park Condo Building For $12.4M
922 North Boulevard, Oak Park, IL, USA
See Similar DealsSold 01/21/2020
Summary
ILLINOIS
Transaction Type:Sale
The sale of a condo property in Oak Park has been completed for a total price of $12,400,000. The property, located at 922 North Boulevard and 628 Harrison Street, consists of 82 units, with an average price per unit of $151,220. The transaction took place on January 21, 2020.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12,400,000
- Address: 922 North Boulevard & 628 Harrison Street
- Market: Oak Park
- Units: 82
- Price per Unit: $151,220
The buyer of the property is Goldman Investments, represented by Hadar Goldman and Redpoint Capital Management. On the other hand, the sellers are Regency Terrace Condominium Association and Clarence Court Condominium Association. The deal was facilitated by brokers Andy Friedman, Matt Halper, and Marco Cesario, who are affiliated with Kiser Group.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$661,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,054.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,782.33
Annual Debt Service$705,387.91
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